Template for deferred tax computation Client: Period: Notes Carrying amount Tax base Tax rate Asset (Liability) P&L P&L account Equity account Equity HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 (a) (a) (b) (c)=(a)-(b) (d) (e)=(c)*(d) (f) (g) (h) (i) (e)=f+g+h+i+j CURRENT LIABILITIES Trade and bills payables 0 0 Tax payable 0 0 Other payables and accruals Accrued salaries 0 0 Accrued fines and penalties 0 0 Interest payable 0 0 Provision for product warranties 0 0 Deposits received (Revenue received in advance) 0 0 Interest-bearing bank and other borrowings Foreign currency loan payable 0 0 Other borrowings 0 0 [ ] 0 0 NON-CURRENT LIABILITIES Interest-bearing bank borrowings 0 0 Loan from a fellow subsidiary 0 0 Pension scheme liability 0 0 [ ] 0 0 TOTAL LIABILITIES BEFORE DEFERRED TAX DEFERRED TAX FOR LIABILITIES (B) 0 0 0 0 Deferred tax asset Deferred tax liability TOTAL NET ASSETS (Agreed to Financial Statements) Reconciliation: DEFERRED TAX at beginning of year Adjusted deferred tax for: Add: Subsidiaries acquired during the year* Less: Subsidiaries disposed of during the year* DEFERRED TAX at end of year (A) + (B) Amount credited/(charged) to Income Statement Amount credited/(charged) to Equity (Taxable)/ deductible temporary difference Deferred tax balance * For subsidiaries acquired/disposed of during the year, the corresponding entry will normally be to goodwill/disposal account.

HKAS 12 - Template for Deferred Tax Computation1

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Page 1: HKAS 12 - Template for Deferred Tax Computation1

Template for deferred tax computation 133

Client:Period:

Notes Carrying amount Tax base Tax rate Asset (Liability)P&L P&L

account Equity account EquityHK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000

(a) (a) (b) (c)=(a)-(b) (d) (e)=(c)*(d) (f) (g) (h) (i) (j)(e)=f+g+h+i+j

CURRENT LIABILITIESTrade and bills payables 0 0 Tax payable 0 0 Other payables and accruals

Accrued salaries 0 0 Accrued fines and penalties 0 0 Interest payable 0 0 Provision for product warranties 0 0

Deposits received (Revenue received in advance) 0 0 Interest-bearing bank and other borrowings

Foreign currency loan payable 0 0 Other borrowings 0 0

[ ] 0 0

NON-CURRENT LIABILITIESInterest-bearing bank borrowings 0 0 Loan from a fellow subsidiary 0 0 Pension scheme liability 0 0 [ ] 0 0

TOTAL LIABILITIES BEFORE DEFERRED TAX

DEFERRED TAX FOR LIABILITIES (B) 0 0 0 0 0

Deferred tax assetDeferred tax liability

TOTAL NET ASSETS (Agreed to Financial Statements)

Reconciliation:DEFERRED TAX at beginning of yearAdjusted deferred tax for:Add: Subsidiaries acquired during the year*Less: Subsidiaries disposed of during the year*DEFERRED TAX at end of year (A) + (B)

Amount credited/(charged) to Income Statement

Amount credited/(charged) to Equity

(Taxable)/ deductible temporary difference

Deferred tax balance

Not recognized

* For subsidiaries acquired/disposed of during the year, the corresponding entry will normally be to goodwill/disposal account.

Page 2: HKAS 12 - Template for Deferred Tax Computation1

Note: Where the deferred tax asset also includes the amounts relating to tax losses previously not recognized, this should be separately identified to enable the amounts to be reconciled to the deferred tax balances in the financial statements.

Page 3: HKAS 12 - Template for Deferred Tax Computation1

Template for deferred tax computation 133

Client:Period:

Notes Carrying Amount Tax Base Tax rate Asset (Liability)P&L P&L

account Equity account EquityHK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000

(a) (a) (b) (c)=(b)-(a) (d) (e)=(c)*(d) (f) (g) (h) (i) (j)(e)=f+g+h+i+j

NON-CURRENT ASSETSFixed assets

Leasehold land and buildings 0 0 Freehold land 0 0 Machinery, equipment

and computers 0 0 Furniture and fixtures 0 0 Motor vehicles 0 0 Leasehold improvements 0 0 Investment properties 0 0

Intangible assetsDeferred development costs 0 0 Research costs 0 0 0

[ ] 0 0 Interests in associates 0 0 Long term investments 0 0 Rental deposits 0 0

CURRENT ASSETSInventories 0 0 Trade receivables

Gross amountGeneral provision

0 0 Loan receivable from a fellow subsidiary 0 0 Interest receivable 0 0 Short term listed investments 0 0 Pledged deposits 0 0 Cash and bank balances 0 0

TOTAL ASSETS BEFORE DEFERRED TAX

DEFERRED TAX FOR ASSETS (A) 0 0 0 0 0

(Taxable)/ deductible temporary difference

Deferred tax balance

Not recognized